QQA vs. ROCQ

Last updated Jun 4, 2026

QQA (Invesco QQQ Income Advantage ETF) and ROCQ (JPMorgan Nasdaq Equity Premium Yield ETF) are both exchange-traded funds - QQA is a Derivative Income fund actively managed by Invesco, while ROCQ is a Nasdaq-100 fund actively managed by JPMorgan. Both are actively managed. With a 0.96 correlation, they move nearly in lockstep. QQA charges 0.29%/yr vs 0.35%/yr for ROCQ.

Performance

QQA vs. ROCQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco QQQ Income Advantage ETF (QQA) and JPMorgan Nasdaq Equity Premium Yield ETF (ROCQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

QQA

• 1D: -0.10%
• 1M: 7.03%
• YTD: 14.57%
• 6M: 14.20%
• 1Y: 32.22%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ROCQ

• 1D: -0.12%
• 1M: 6.49%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

QQA vs. ROCQ - Yearly Performance Comparison

	2026 (YTD)
QQA Invesco QQQ Income Advantage ETF	16.27%
ROCQ JPMorgan Nasdaq Equity Premium Yield ETF	17.62%

Correlation

The correlation between QQA and ROCQ is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 20, 2026	0.96

Return for Risk

QQA vs. ROCQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QQA

QQA Risk / Return Rank: 77
QQA Sharpe Ratio Rank: 77
QQA Sortino Ratio Rank: 75
QQA Omega Ratio Rank: 76
QQA Calmar Ratio Rank: 73
QQA Martin Ratio Rank: 81

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QQA vs. ROCQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ Income Advantage ETF (QQA) and JPMorgan Nasdaq Equity Premium Yield ETF (ROCQ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	QQA	ROCQ	Difference
Sharpe ratio: Return per unit of total volatility	2.57	—	—
Sortino ratio: Return per unit of downside risk	3.47	—	—
Omega ratio: Gain probability vs. loss probability	1.46	—	—
Calmar ratio: Return relative to maximum drawdown	3.70	—	—
Martin ratio: Return relative to average drawdown	16.59	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	QQA	ROCQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.57	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.18	7.49	-6.31

Drawdowns

QQA vs. ROCQ - Drawdown Comparison

The maximum QQA drawdown since its inception was -19.73%, which is greater than ROCQ's maximum drawdown of -5.15%. Use the drawdown chart below to compare losses from any high point for QQA and ROCQ.

Drawdown Indicators

	QQA	ROCQ	Difference
Max Drawdown Largest peak-to-trough decline	-19.73%	-5.15%	-14.58%
Max Drawdown (1Y) Largest decline over 1 year	-8.76%	—	—
Current Drawdown Current decline from peak	-0.10%	-0.33%	+0.23%
Average Drawdown Average peak-to-trough decline	-2.44%	-0.66%	-1.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.95%	—	—

Volatility

Volatility by Period

	QQA	ROCQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.91%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.68%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.59%	16.13%	-3.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.27%	16.13%	+2.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.27%	16.13%	+2.14%

QQA vs. ROCQ - Expense Ratio Comparison

QQA has a 0.29% expense ratio, which is lower than ROCQ's 0.35% expense ratio.

Dividends

QQA vs. ROCQ - Dividend Comparison

QQA's dividend yield for the trailing twelve months is around 9.29%, more than ROCQ's 2.02% yield.

Position	TTM	2025	2024
QQA Invesco QQQ Income Advantage ETF	9.29%	9.78%	4.29%
ROCQ JPMorgan Nasdaq Equity Premium Yield ETF	2.02%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QQA and ROCQ in my portfolio?

With a correlation of 0.96, QQA and ROCQ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, QQA or ROCQ?

On fees, QQA is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QQA or ROCQ?

QQA is cheaper with a 0.29% expense ratio, compared with 0.35% for ROCQ.

Which ETF pays a higher dividend yield, QQA or ROCQ?

QQA has the higher dividend yield at 9.29%, compared with 2.02% for ROCQ.

What is the main difference between QQA and ROCQ?

QQA is categorized as Derivative Income, while ROCQ is Nasdaq-100. They also come from different issuers: Invesco and JPMorgan. Their fees differ too: 0.29% for QQA and 0.35% for ROCQ.